Notes: The table shows the sample breakdown by form of state ownership and sector. State control means that the Russian state controls at least 20 percent of the share capital. Majority means that the Russian state owns 50 percent or more of the votes. Minority means that the Russian state owns over 20 percent but less than 50 percent of the votes. Federal and regional ownership indicate whether the ownership in on federal or regional level, respectively. Mixed ownership means that both the federal and the regional levels have control for at least 20 percent of the votes. Direct/indirect ownership refers the whether the ownership is direct or through pyramidal ownership. Golden share lists the firm-years when the Russian state owns a so-called Golden Share in the firm. The time period is 2011–2015 (360 firm-years)